De-Dollarization in the EAEU: Experience and Prospects

29.03.2018 11:00 Valdai Discussion Club Conference Hall (Bolshaya Tatarskaya 42, Moscow, Russia)
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On March 29, at 11:00, the Valdai Discussion Club will hold an expert discussion, titled “De-Dollarization in the EAEU: Experience and Prospects”.

The issue of the dollar’s dominance in the global financial system is gaining political significance with the US currency being a powerful instrument of influence on all the countries and economic subjects without an exception. In an era when economic sanctions and manipulation of financial flows have become a lever for not only competition, but also for political pressure, the issue of reducing dependence on the dollar is becoming a key precondition for successful development.

Although the EAEU countries’ economies are still characterized by a high degree of financial dollarization, some control measures applied in the member states have already led to progress and reduced their dependence on the US currency. This, in turn, could contribute to the convergence of monetary/credit policies of the member states and further deepen their integration within the EAEU. How can the emerging trend be consolidated? What economic and political consequences can follow? Who will be able to draw the most of the benefits of these trends? These and other questions will be addressed by the participants in the discussion.

Moderator:

Yaroslav Lissovolik, Programme Director of the Valdai Discussion Club, Managing Director (Research) - Chief Economist at the Eurasian Development Bank.

Speakers:

Alexey Kuznetsov, Senior Economist of the Eurasian Development Bank;

Oleg Preksin, High Commissioner for Finance & Investment, Eurasian Economic Cooperation Organization; Vice President & Board Member, Association of Russian Banks;

Grigory Marchenko, First Deputy Prime Minister of the Republic of Kazakhstan (2004) and Chairman of the National Bank of the Republic of Kazakhstan (1999-2004, 2009-2013) (via video link).

Working language: Russian.

Information for the media! To attend, please fill out the accreditation form or call +7 926 930 77 63.

Information for participants! If you have any questions, please call +7 926 638 86 37